Bulgaria, NPP Kozloduy recorded a net profit in the amount of 700 million euros in the first nine months of 2022

, SEE Energy News

Bulgaria’s sole nuclear power plant Kozloduy recorded a net profit in the amount of 700 million euros in the first nine months of 2022, compared to a profit of 367 million euros in the same period last year. Last year’s 9-moth profit was the highest for that period in the company’s history, however, the new record almost doubled in 2022 due to high electricity prices.

The company’s revenues increased to 2.59 billion euros in the first nine months of the year, compared to 803 million euros in the same period in 2021.

NPP Kozloduy’s total assets increased to 2.42 billion euros at the end of September 2022, compared to 2.08 billion euros at the end of 2021.

Originally, NPP Kozloduy had six reactors, but four older 440 MW reactors were shut down in 2007 due to nuclear safety concern of the European Union. The plant currently operates two Soviet- built 1,000 MW reactors, unit 5 and unit 6 which were commissioned in 1987 and 1991 respectively.